NTES vs. ZTO
NTES (NetEase, Inc.) and ZTO (ZTO Express (Cayman) Inc.) are both stocks. NTES operates in Internet Content & Information (Communication Services), while ZTO operates in Integrated Freight & Logistics (Industrials). Over the past 5 years, NTES returned 3.69%/yr vs -4.61%/yr for ZTO. At a 0.37 correlation, their price movements are largely independent.
Performance
NTES vs. ZTO - Performance Comparison
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Returns By Period
In the year-to-date period, NTES achieves a -12.37% return, which is significantly lower than ZTO's 7.48% return.
NTES
- 1D
- -0.65%
- 1M
- 3.01%
- YTD
- -12.37%
- 6M
- -11.89%
- 1Y
- -4.27%
- 3Y*
- 11.57%
- 5Y*
- 3.69%
- 10Y*
- 15.95%
ZTO
- 1D
- -0.81%
- 1M
- -11.78%
- YTD
- 7.48%
- 6M
- 6.66%
- 1Y
- 33.11%
- 3Y*
- -3.48%
- 5Y*
- -4.61%
- 10Y*
- —
NTES vs. ZTO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NTES NetEase, Inc. | -12.37% | 58.28% | -1.73% | 30.59% | -27.35% | 7.11% | 57.88% | 34.66% | -31.31% | 62.21% |
ZTO ZTO Express (Cayman) Inc. | 7.48% | 10.69% | -3.76% | -19.77% | -3.84% | -2.40% | 26.25% | 49.50% | 1.20% | 31.32% |
Correlation
The correlation between NTES and ZTO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2016 | 0.37 |
The correlation between NTES and ZTO shifts across timeframes, from 0.19 (1 year) to 0.41 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NTES:
$76.62B
ZTO:
$17.64B
NTES:
$52.95
ZTO:
$11.28
NTES:
2.24
ZTO:
1.96
NTES:
0.11
ZTO:
0.10
NTES:
0.67
ZTO:
0.35
NTES:
0.47
ZTO:
0.28
NTES:
$114.39B
ZTO:
$51.23B
NTES:
$75.14B
ZTO:
$12.75B
NTES:
$40.24B
ZTO:
$11.93B
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Return for Risk
NTES vs. ZTO — Risk / Return Rank
NTES
ZTO
NTES vs. ZTO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NetEase, Inc. (NTES) and ZTO Express (Cayman) Inc. (ZTO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| NTES | ZTO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.23 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 2.28 | -2.42 |
| Martin ratioReturn relative to average drawdown | -0.25 | 5.73 | -5.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NTES | ZTO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.15 | 1.28 | -1.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | -0.12 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.13 | +0.30 |
Drawdowns
NTES vs. ZTO - Drawdown Comparison
The maximum NTES drawdown since its inception was -96.41%, which is greater than ZTO's maximum drawdown of -57.06%. Use the drawdown chart below to compare losses from any high point for NTES and ZTO.
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Drawdown Indicators
| NTES | ZTO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.41% | -57.06% | -39.35% |
Max Drawdown (1Y)Largest decline over 1 year | -30.46% | -14.61% | -15.85% |
Max Drawdown (3Y)Largest decline over 3 years | -33.97% | -42.55% | +8.58% |
Max Drawdown (5Y)Largest decline over 5 years | -51.38% | -49.55% | -1.83% |
Max Drawdown (10Y)Largest decline over 10 years | -57.34% | — | — |
Current DrawdownCurrent decline from peak | -24.01% | -34.94% | +10.93% |
Average DrawdownAverage peak-to-trough decline | -24.59% | -25.12% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.99% | 5.79% | +11.20% |
Volatility
NTES vs. ZTO - Volatility Comparison
NetEase, Inc. (NTES) has a higher volatility of 9.07% compared to ZTO Express (Cayman) Inc. (ZTO) at 4.45%. This indicates that NTES's price experiences larger fluctuations and is considered to be riskier than ZTO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NTES | ZTO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.07% | 4.45% | +4.62% |
Volatility (6M)Calculated over the trailing 6-month period | 20.57% | 17.58% | +2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.20% | 26.10% | +3.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.68% | 38.52% | +5.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.84% | 38.12% | +3.72% |
Dividends
NTES vs. ZTO - Dividend Comparison
NTES's dividend yield for the trailing twelve months is around 2.54%, less than ZTO's 3.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NTES NetEase, Inc. | 2.54% | 2.21% | 2.74% | 1.88% | 2.10% | 0.80% | 0.97% | 3.19% | 0.71% | 1.05% | 1.36% | 0.98% |
ZTO ZTO Express (Cayman) Inc. | 3.12% | 3.11% | 4.96% | 1.74% | 0.93% | 0.89% | 1.03% | 1.03% | 1.26% | 0.00% | 0.00% | 0.00% |
Financials
NTES vs. ZTO - Financials Comparison
This section allows you to compare key financial metrics between NetEase, Inc. and ZTO Express (Cayman) Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
NTES vs. ZTO - Profitability Comparison
NTES - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NetEase, Inc. reported a gross profit of 21.22B and revenue of 30.59B. Therefore, the gross margin over that period was 69.4%.
ZTO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ZTO Express (Cayman) Inc. reported a gross profit of 3.24B and revenue of 13.28B. Therefore, the gross margin over that period was 24.4%.
NTES - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NetEase, Inc. reported an operating income of 12.66B and revenue of 30.59B, resulting in an operating margin of 41.4%.
ZTO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ZTO Express (Cayman) Inc. reported an operating income of 2.49B and revenue of 13.28B, resulting in an operating margin of 18.8%.
NTES - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NetEase, Inc. reported a net income of 10.67B and revenue of 30.59B, resulting in a net margin of 34.9%.
ZTO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ZTO Express (Cayman) Inc. reported a net income of 2.12B and revenue of 13.28B, resulting in a net margin of 16.0%.
Frequently Asked Questions
NTES and ZTO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NTES has higher volatility (9.07%) compared to ZTO (4.45%). In terms of maximum drawdown, NTES dropped -96.41% vs ZTO's -57.06%.
ZTO currently has the higher Sharpe Ratio (1.28 vs -0.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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